AAPL Trade on Jan 25, 2022 10:30 from dominicci13: Tradervue User Stock Trades.

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dominicci13

 

Premarket plan: $AAPL has a strong resistance at the $159.50 key level, I could see a rejection at this level, and then a breakdown to reach the -27.0% Fibonacci level -$157.23. If $AAPL does not breakout with high volume on this level, I could see a pullback to this same Fibonacci level and the change its trend. My low risk entry on a put trade, it's when $AAPL reaches the $159.50 key level, with a stop-loss at the $160.00 level, in that level it could seem obvious that the trend is going to change, and a take profit at the Fibonacci level $157.23 level.

Projected R:R Ratio: 4:1

Actual R:R Ratio: 2:1

Stop-loss: $$160.00 (Non-taken)

Entry level: $$159.50

Take profit level: $$158.50

Second entry: None.

Trail-stop: None.

Plan respected? Yes.

What did I do different from my premarket plan? Took my profits earlier.

If I did not followed my plan, what could've or should've I done differently on this trade? Nothing.

Comments: As I'm actually not too good on downtrends, I took what the market gave me fast. As maybe my premarket plan could be reached, I rather take it.


Execution detail:

Date/time Symbol Side Price Position
2022-01-25 10:30:45 AAPL04 02 160 PUT buy $5.680 long
2022-01-25 10:33:02 AAPL04 02 160 PUT sell $6.100 0


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